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17 of 99 unique stocks in common · Jaccard: 17.2%
A weighted portfolio overlap of 27.83% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.83 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 3.31% in Lic Mf Multi Cap Fund and 10.53% in SBI Nifty 50 ETF. Holding both schemes increases your concentration in HDFC Bank rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in Lic | in SBI |
|---|---|---|
| HDFC BankBanks | 3.31% | 10.53% |
| ICICI BankBanks | 2.77% | 8.30% |
| Axis BankBanks | 2.44% | 3.41% |
| Kotak Mahindra BankBanks | 2.28% | 2.62% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.81% | 1.76% |
| Maruti Suzuki IndiaAutomobiles | 1.54% | 1.59% |
| InfosysIT - Software | 1.52% | 3.76% |
| State Bank of IndiaBanks | 1.52% | 3.70% |
| Tata Consultancy ServicesIT - Software | 1.46% | 2.13% |
| EternalRetailing | 1.43% | 1.67% |
| Larsen & ToubroConstruction | 1.41% | 4.43% |
| Mahindra & MahindraAutomobiles | 1.25% | 2.52% |
| Shriram FinanceFinance | 1.49% | 1.23% |
| JSW SteelFerrous Metals | 1.21% | 1.11% |
| Grasim IndustriesCement & Cement Products | 1.65% | 1.10% |
| InterGlobe AviationTransport Services | 1.54% | 0.92% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.17% | 0.78% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.